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Strategic Finance is the latest finance company in New Zealand to fall into receivership after its trustees, Perpetual Trust, failed to find any attractive offers from third parties for a restructur.. read more

The Reserve Bank of New Zealand yesterday left the Official Cash Rate unchanged at 2.5 per cent but warned that a rise, when it happens, will have a greater impact on the economy. read more

The New Zealand government will close the wholesale funding guarantee on April 30 in line with similar moves by some other countries, including Australia. read more

Kiwibank is looking to lift its capital base by more than a quarter with the sale, for the first time, of hybrid securities. read more

South Canterbury Finance's impairment provision may increase further as the company's auditors are still reviewing those figures a week after the firm published preliminary financial statements. read more

The New Zealand government cut provision for guarantees under the deposit guarantee scheme even as recent data and the news flow suggests their performance has only worsened. read more

Former Reserve Bank of NZ governor Don Brash took the direct reins of Huljich Wealth Management after the firm was pulled up for failing to disclose that its performance was boosted by compensating pa.. read more

Westpac in New Zealand has resolved most of the issues uncovered on non-compliance with the regulator's outsourcing policy but is still working to add technical and legal controls in relation to one p.. read more

An analysis of profit results for the December 2009 quarter published by banks in New Zealand highlights the dilemmas in bank managements. read more

An infusion of fresh capital could not prevent South Canterbury Finance's rating from getting downgraded and ratings agency Standard & Poor's has warned more downgrades may follow if further capit.. read more